Foreclosure Townhomes
Foreclosure Townhomes
Can my mortgage loan was reduced about $ 400?
I can not afford more. Im almost 2 months late, and can not afford payments. If it dropped to about 400 would be fine. Is that asking too much? Or should we just go into foreclosure? I do not want to explain my story full here … again because it's too long! lol I bought the place a year ago for 145,500. They said it was valued by 170,000, now it is selling townhomes 100,000. Do not even know how I got approval for the loan .. my loan consultant, said he was in my budget, but then I realized that even check my credit card or anything. I have an 10/30 loan .. interest, taxes and property insurance for only the first ten years. I now pay 1280 to months not including my HOA fees. It was 1080 when I moved, but stood up, saying he made a mistake when we bought the place. We have a fixed interest rate. My rate interest is 7.4 percent
Get a lawyer specializing in bankruptcies and foreclosures. Sometimes you can negotiate for you. Otherwise, the lawyer protect you as much as possible. Although you do not have $, see a lawyer anyway. It is very important to have legal advice on this matter. Good luck.
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